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Vaibhav Yadav

· started a discussion

· 1 Months ago

wrong answers (Question: 195249.0 )

how it can be preference share, its not legally binding for the firm to pay preference dividend.

answer should be B - bond

Question:

A ________ is an instrument whereby one person binds himself to another for payment of a specified sum of money on a specified date.

Options:
A) Equity share
B) Bond
C) Preference shares
D) Debentures
E) All of these
Solution:
“A bond is an instrument under seal whereby one person binds himself to another for the payment of a specified sum of money either immediately or at a fixed future date”. 

Knowledge Expert

· commented

· 1 Months ago

Dear student
We resolved it

Best wishes
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